Common use of Time of Adjustments to the Warrant Price Clause in Contracts

Time of Adjustments to the Warrant Price. All adjustments to the Warrant Price and the number of shares purchasable hereunder, unless otherwise specified herein, shall be effective as of the earlier of: (i) the date of issue (or date of sale, if earlier) of the security causing the adjustment; (ii) the effective date of a division or combination of shares; (iii) the record date of any action of holders of the Company's capital stock of any class taken for the purpose of dividing or combining shares or entitling shareholders to receive a distribution or dividends.